'We want Indian investments'
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Chennai: Top realty developers from Malaysia have set up stalls at the Chennai Trade Centre, venue for the sixteenth edition of CII-organised Partnership Summit 2010.
Special: The Partnership Summit 2010
Malaysian realty developers are also keen on joint ventures with their Indian counterparts.
With the property market picking up in Malaysia, realty developers have showcased models of some of the high-end luxury houses to enthuse investors to park funds in the Malaysian property market.
Toh Chin Leong, General Manager of Jelutong Development Sdn Bhd, says that there are a not of enquiries from Indian corporates for commercial houses in Malaysia.
Iswarni Salleh, Assistant Director (real estate advisory) of Kuwait Finance House (Malaysia) Berhad, says expos like these will enthuse Indian investors to buy properties in Malaysia.
BJ Eng, Executive (Sales & Marketing), Pan-Asia, says the property market is slowly picking up in Malaysia.
Property buyers in Malaysia are mostly local residents, but now foreign nationals are showing active interest in the Malaysian property market.
Residents from Korea, Singapore, China, Bangladesh and Indonesia have been investing in Malaysian property market.
"We are sure Indians will also be big-ticket investors in the realty space in Malaysia," says a real estate executive.
"Interest rates are also low and we have special schemes such as 20/80 -- wherein foreigners need to invest just 20 per cent of the property value. The rest of the property can be brought through loan," says Jocelyn Hoh, Deputy General Manager, Setia Bhd Group.
Special: The Partnership Summit 2010
"Interest from Indian buyers is quite high for the Malaysian real estate products," she adds.
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